Community Investment
As part of the economic benefits that mining brings, Newmont tries to maximize employment of local people and hire local contractors where possible. These businesses provide further employment opportunities for community members that last beyond the operating life of our mines. In 2010, 33 percent of our employees and 58 percent of our contractors were drawn from the local communities. An additional 66 percent of our employees and 41 percent of our contractors are nationals drawn from the workforces in which our operations and offices are located.1
We also provided 816,838 hours of training, at a cost of $14 million, to our employees in 2010. A portion of this training was to help them develop marketable skills that can be transferred to other jobs when our operations close. That way, they can sustain their livelihoods and contribute to their regions' economic growth.
Another way we invest in communities is through cash donations and in-kind contributions that support community capacity building, health programs and assessments, agriculture-enhancement initiatives, civil projects, education and infrastructure.
In 2010, we contributed $41.44 million worldwide in cash donations and another $2.48 million worth of in-kind support.
In addition to investing in community development and capacity building, we also supported disaster-relief efforts and worked with our employees on a range of fundraising initiatives.
We also provided 816,838 hours of training, at a cost of $14 million, to our employees in 2010. A portion of this training was to help them develop marketable skills that can be transferred to other jobs when our operations close. That way, they can sustain their livelihoods and contribute to their regions' economic growth.
Another way we invest in communities is through cash donations and in-kind contributions that support community capacity building, health programs and assessments, agriculture-enhancement initiatives, civil projects, education and infrastructure.
In 2010, we contributed $41.44 million worldwide in cash donations and another $2.48 million worth of in-kind support.
In addition to investing in community development and capacity building, we also supported disaster-relief efforts and worked with our employees on a range of fundraising initiatives.
1 The parameters for identifying "local" employees and contractors was changed in 2008 to focus on those from communities that are directly impacted by our activity. The category of "national" now captures those from within the host country but outside of those communities considered directly impacted.
